ELKHART, Ind., July 17, 2017 /PRNewswire/ -- Thor Motor
Coach, North America's number one
motorhome manufacturer and a subsidiary of Thor Industries, Inc.
(NYSE: THO), is expanding operations in Elkhart, Wakarusa, and Bristol, Indiana.
"We are expanding our manufacturing footprint to meet the strong
consumer demand for our products. These significant expansion
projects will allow us to serve our dealer network with improved
delivery times," commented Jeff
Kime, President of Thor Motor Coach.
Facility expansions include a number of new facilities or
expansions of existing facilities in northern Indiana. Thor
Motor Coach will expand in Wakarusa,
Indiana with the purchase of an existing building for Class
C production and a new lamination operation with six lamination
lines to support motorhome production at multiple facilities.
Thor Motor Coach is completing an addition to a Class C campus in
Bristol, Indiana to support its
popular Quantum motorhome line. The Company is also making a
major addition to a Class A plant in Elkhart that will enable the addition of a
future second production line for some of the highest volume,
in-demand gas Class A motorhome models. In all, more than a
half million square feet of workspace is being added, increasing
the overall size of Thor Motor Coach's five Elkhart County campuses to 2.3 million square
feet of manufacturing space, spread across 300 acres.
Plans to start production at these facility additions will
commence in late summer and continue through the remainder of
calendar 2017. Thor Motor Coach has begun hiring with a need
for 400 additional employees to work in these areas, continuing to
provide excellent employment opportunities and a great work
environment. A job fair is planned for July 27th at the Thor Motor Coach plant located
at the corner of State Route 19 and Hively Avenue in Elkhart.
"We are convinced that the dealers we have at Thor Motor Coach
are the best in the industry. We want to make sure we
solidify our relationships and this begins with providing our
dealers with our popular motorhomes in a more timely fashion. The
expansion plans we have in place will allow us to continue our
rapid sales growth into future years," noted Dana Simon, Vice President of Sales.
About Thor Motor
Coach
Thor Motor Coach (TMC) is the only "Made to Fit"® motorhome brand
in North America. TMC's diverse
product lineup includes many of the world's most recognized Class A
and Class C motorhome brands. As an industry leader in innovative
design, TMC builds a variety of unique styles, sizes and floor
plans that feel custom-made – at a truly competitive price. For
more information, visit ThorMotorCoach.com or call
800-860-5658.
This release includes certain statements that are "forward
looking" statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward looking
statements are made based on management's current expectations and
beliefs regarding future and anticipated developments and their
effects upon Thor, and inherently involve uncertainties and risks.
These forward looking statements are not a guarantee of future
performance. We cannot assure you that actual results will not
differ from our expectations. Factors which could cause materially
different results include, among others, raw material and commodity
price fluctuations, raw material or chassis supply restrictions,
the level of warranty claims incurred, legislative, regulatory and
tax policy developments, the impact of rising interest rates on our
operating results, the costs of compliance with increased
governmental regulation, legal and compliance issues including
those that may arise in conjunction with recent transactions, the
potential impact of increased tax burdens on our dealers and retail
consumers, lower consumer confidence and the level of discretionary
consumer spending, interest rate fluctuations and the potential
economic impact of rising interest rates on the general economy,
restrictive lending practices, management changes, the success of
new product introductions, the pace of obtaining and producing at
new production facilities, the pace of acquisitions, the potential
loss of existing customers of acquisitions, the integration of new
acquisitions, our ability to retain key management personnel of
acquired companies, the loss or reduction of sales to key dealers,
the availability of delivery personnel, asset impairment charges,
cost structure changes, competition, the impact of potential losses
under repurchase agreements, the potential impact of the
strengthening U.S. dollar on international demand, general
economic, market and political conditions and the other risks and
uncertainties discussed more fully in ITEM 1A of our Annual Report
on Form 10-K for the year ended July 31,
2016 and Part II, Item 1A of our quarterly report on Form
10-Q for the period ending April 30,
2017.
We disclaim any obligation or undertaking to disseminate any
updates or revisions to any forward looking statements contained in
this listing of questions and answers or to reflect any change in
our expectations after the date of this listing or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
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SOURCE Thor Motor Coach